Answer:
PROBABLE CAUSE
Explanation:
Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2021 are as follows: ($ millions)
PBO balance, January 1 $530
Plan assets balance, January 1 300
Service cost 50
Interest cost 30
Gain from change in actuarial assumption 36
Benefits paid (46 )
Actual return on plan assets 23
Contributions 2021 40
The expected long-term rate of return on plan assets was 9%. There were no AOCI balances related to pensions on January 1, 2021, but at the end of 2021, the company amended the pension formula, creating a prior service cost of $18 million.
Required:
a. Calculate the pension expense for 2021.
b. Prepare the journal entries to record (a) pension expense, (b) gains or losses, (c) prior service cost, (d) funding, and (e) payment of benefits for 2021.
c. What amount will Electronic Distribution report in its 2021 balance sheet as a net pension asset or net pension liability?
Answer:
Please see below
Explanation:
1. Calculate the pension expense for 2021.
($ millions)
Service cost. $50
Interest cost. $30
Expected return on the plan assets
(1,300 × 6%). ($78)
Amortization of prior service cost $
Amortization of net gain or loss - AOCI $
Pension expense $2
2. Journal expense to record pension expense, gains or losses, prior service cost, funding and payment of benefits for 2021.
1.
Pension expense. Dr $2
Plan assets [expected return on assets] Dr $78
To PBO (50 + 30) Cr $80
(To record the pension expense)
2.
Prior service cost - OCI Dr $18
To PBO Cr $18
(To record the prior service cost)
3.
PBO Dr $36
To Gain - OCI Cr $36
(To record the gain from change in actuarial assumption)
4.
Loss- OCI [1,300 × 6%] - ($23). Dr $55
To Plan assets Cr. $55
(To record the gain or loss on assets)
5.
Plan assets. Dr $40
To Cash Cr. $40
(To record the funding)
6.
PBO Dr $46
To Plan assets. Cr 46
(To record the retiree benefits)
3. What amount will electronic distribution report in its 2021 balance sheet as a net pension asset or net pension liability.
PBO balance, Jan 1 $530
Service cost. $50
Interest cost. $30
Gain from change in actuarial assumption. ($36)
Prior service cost(New). $18
Benefit paid ($46)
PBO balance, December 31. $546
Plan assets balance, Jan 1. $300
Actual return on plan assets $23
Contributions $40
Benefits paid ($46)
Plan assets balance, December 31 $317
PBO balance, December 31 $546
Plan assets balance, December 31 $317
Net pension liability. $229
How do you think entrepreneurship could help School leavers not to become an unemployment statistic
Answer:
Give them the knowledge to start their own business
Entrepreneurship could help School leavers not to become unemployed statistics as it could help them start their own business instead of doing a job.
What is Entrepreneurship?Entrepreneurship is an act of a person being an entrepreneur. It is defined as establishing and running your own business.
Entrepreneurship can help a student not to become an unemployed statistic as it gives them an opportunity to be their own boss. Rather than seeking a job, the student may start earning through his own business.
It also helps in job creation. The student rather than being an employee to someone else, can be an employer and create jobs for the others.
It, therefore, helps in eliminating unemployment from the economy.
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In the context of the barriers to international trade, which of the following is the best way to jump over sociocultural barriers?
a.
Establishing production standards
b.
Developing ethnocentric marketing practices
c.
Evaluating the economic conditions of a market
d.
Conducting thorough customer research
Answer: In the context of the barriers to international trade, Conducting thorough customer research is the best way to jump over sociocultural barriers.
Explanation:
Many businesses who are entering the global market misunderstand the constant challenge offered by sociocultural barriers. Although global consumer trends have become more uniform, values, languages, and decision-making processes still pose significant challenges for businesspeople trying to engage with partners in different nations.
Those with experience in international trade are aware of the existence of sociocultural barriers and actively work to overcome them in order to further their business endeavors by Conducting thorough customer research, which helps in breaking the ice with customers of different uniform, values, and languages.
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Drag each term to the correct location on the table.
Identify dos and don’ts of creating a good résumé.
1. using underlined text to
denote section headings
2. including marital status
3. listing work experience
chronologically
4. using different bullet styles
5. making the résumé lengthy
6. listing technical competencies
Answer:
Creating a Good Résumé
Dos
1. using underlined text to denote section headings
3. listing work experience chronologically
6. listing technical competencies
Don’ts
2. including marital status
4. using different bullet styles
5. making the résumé lengthy
Explanation:
A good resume is a document that gives a brief summary of a job applicant's personal and professional experiences, skills, and education history. It is used in addition to a cover letter to show off your best self to potential employers. Important sections of a good resume include contact information, summary or objective, work experience, and education history.
Caddie Manufacturing has a target debt-equity ratio of .95. Its cost of equity is 11 percent, and its pretax cost of debt is 7 percent. If the tax rate is 24 percent, what is the company’s WACC?
Answer:
8.20%
Explanation:
Debt equity ratio = 0.95
or
Debt = 0.95 × equity
Cost of equity, ke = 11% or 0.11
Pretax cost of debt, kd = 7% or 0.07
Tax rate = 24% or 0.24
Therefore;
WACC = {Weight of equity × ke } + {Weight of debt × kd × (1-Tax rate)}
It is to be noted that ;
Weight of equity = Equity ÷ (Debt + Equity)
= Equity ÷ ( 0.95×Equity + Equity)
=1 ÷ 1.95
=0.513
Also,
Weight of debt = Debt ÷ ( Debt + Equity)
=0.95 × Equity ÷ ( 0.95 × Equity + Equity)
= 0.95 ÷ 1.95
=0.487
Hence,
WACC = {0.513 × 0.11} + {0.487 × 0.07 × (1-0.24)}
= {0.05643} + {0.03409 × 0.76}
= 0.0823384
or
0.0823384 × 100%
=8.23384
=8.20%
Think of a business that utilized one of the three methods of innovation to start their business, identify the business, the type of innovation (Architect, Sunbird, or Integrator) and briefly describe the innovation that they created/developed.
Answer:
There are three types of innovation.
Product, Process and business Model.
The company Amazon is one of the leading online business in the world. It has achieved success through process innovation.
Explanation:
Amazon has created a culture of innovation in its organization. The employee working in the amazon are free to share their innovative ideas and management considers those ideas when making strategic planning of business. This is the reason amazon has been able to launch many different types of technological innovations which provide support to their customers and their shopping experience is comfortable.
Explain why different communication methods are used in the business environment?
Answer:
Different communication methods are used in different circumstances because sometimes a certain method will be more effective in terms of cost, time and impact, and sometimes it will be more appropriate.
Explanation:
Different communication methods are used in the business environment to suit different situations and needs. It is important to choose the right method of communication to ensure effective communication and to avoid misunderstandings.
There are some important communication methods are:
Face-to-face communication is utilized when there needs to be rapid clarification, feedback, or discussion.
When a written record of the conversation is required or the receiver cannot be reached in person, email is the preferred means of communication.
When a formal debate or presentation is required, this approach is employed in business meetings.
Social media is a technique utilized when a wide audience has to be reached fast.
Applications for team messaging are utilized when quick, informal communication is required among team members.
As a result, the significance of the different communication methods are used in the business environment are the aforementioned.
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4.2 Prepare the general journal entries to account for all the transactions that took place from the date that the order was placed on 15 October 2020, up until 1 February 2021. Include dates when preparing the general journal entries. (12 marks)
To account for all transactions that took place from 15 October 2020 to 1 February 2021, several general journal entries need to be prepared.
On 15 October 2020, the company placed an order for inventory, which is recorded as a purchase on account. The journal entry would be:
Date: 15 October 2020
Inventory (debit) $X
Accounts Payable (credit) $X
On 20 October 2020, the company received the inventory and recorded it in the books. The journal entry would be:
Date: 20 October 2020
Inventory (debit) $X
Accounts Payable (credit) $X
On 1 November 2020, the company made a sale and recorded it as revenue. The journal entry would be:
Date: 1 November 2020
Accounts Receivable (debit) $X
Revenue (credit) $X
On 15 November 2020, the company paid for some of the inventory it purchased on 15 October 2020. The journal entry would be:
Date: 15 November 2020
Accounts Payable (debit) $X
Cash (credit) $X
On 1 December 2020, the company made another sale and recorded it as revenue. The journal entry would be:
Date: 1 December 2020
Accounts Receivable (debit) $X
Revenue (credit) $X
On 31 December 2020, the company realized that some of the inventory was damaged and could not be sold. The journal entry would be:
Date: 31 December 2020
Cost of Goods Sold (debit) $X
Inventory (credit) $X
On 1 January 2021, the company paid for rent for the next six months. The journal entry would be:
Date: 1 January 2021Prepaid Rent (debit) $XCash (credit) $XOn 1 February 2021, the company recorded depreciation expense on its equipment. The journal entry would be:
Date: 1 February 2021Depreciation Expense (debit) $XAccumulated Depreciation (credit) $X
By preparing these general journal entries, all transactions from 15 October 2020 to 1 February 2021 are accounted for in the books.
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Suppose N= 15 and r=4.
What is the probability of x = 3 for n = 10 (to 4 decimals)?
Using the Hypergeometric distribution principle, the probability of X = 3 in the function is 0.4396
Defining an hypergeometric distribution function :
\(P(X = k) = \frac{ \binom{r}{k} \binom{N - r}{n - k} }{ \binom{N}{n} } \)
The parameters given :
N = 15 r = 4 X = 3 n = 10\(P(X = 3) = \frac{ \binom{4}{3} \binom{15 - 4}{10 - 3} }{ \binom{15}{10} } = \frac{ \binom{4}{3} \binom{11}{7} }{ \binom{15}{10} }\)
Using Combination :
Recall : nCr = n! ÷ (n-r)!r!
Using a calculator :
\(P(X = 3) = \frac{ \binom{4}{3} \binom{15 - 4}{10 - 3} }{ \binom{15}{10} } = \frac{ \binom{4}{3} \binom{11}{7} }{ \binom{15}{10}} = \frac{(4 \times 330)}{3003} = \frac{1320}{3003} = 0.4396\)
Therefore, the probability of X = 3 in the hypergeometric function is 0.4396 (rounded to 4 decimal places).
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Which measure of central tendency is affected by outliers?
The measure of central tendency that is most affected by outliers is the mean.
The mean is calculated by summing all the values in a dataset and dividing it by the number of data points. However, if there are outliers present in the dataset, which are extreme values that significantly differ from the rest of the data, they can heavily influence the mean.
Outliers have a disproportionate impact on the mean because they contribute to the sum of the values and can pull the mean towards their extreme values.
In summary, while the mean is more susceptible to the influence of outliers, the median and mode are more resistant to their impact and often provide more reliable measures of central tendency in such cases.
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What makes penny stocks risky investments with uncertain rates of return? Choose four correct answers.
They generally have a low trading volume.
They have a low market price of less than $5.
They represent a share of a company’s value.
It is difficult to find reliable information about the company.
They are more likely to be a part of a “pump and dump” scheme.
Answer:1,2,4,5
Explanation: just took the assignment
Answer:
1, 2, 4, 5
Explanation:
Got it right on edge 2020
Imagine that you wanted to specialize in working with senior citizens. What special needs might this group have? What kind of skills would you acquire if you specialized in this demographic? What kind of location would work well for this population?
The needs of senior citizens would require the ability of those who can handle geriatrics.
Why is this so?There are special health conditions that come with those who are geriatrics or senior citizens.
This is because, as people age, the body no longer can repair it'self like before and becomes more frail, hence the need for more care.
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You estimate that by the time you retire in 35 years, you will have accumulated savings of $2 million. If the interest rate is 8% and you live 15 years after retirement, what annual level of expenditure will those savings support?
Answer:
We can use the present value of an annuity formula to determine the annual distribution. I'm assuming that your distributions will be made in a similar manner to an annuity due (the first payment happens when you retire).
annual distribution = principal balance / PV annuity factor
principal balance = $2,000,000PV factor annuity due, 8%, 15 periods = 9.24424annual distribution = $2,000,000 / 9.24424 = $216,350.94
if instead, the first distribution is received at the end of the first year of retirement, then the annual distribution will be:
annual distribution = principal balance / PV annuity factor
principal balance = $2,000,000PV factor ordinary annuity, 8%, 15 periods = 8.55948annual distribution = $2,000,000 / 8.55948 = $233,659.05
You have been promoted to the Chief Procurement Officer (CPO) position within your organziation. The Chief Operations Officer wants to add a requirement to all contracts involving vehicle-related acquisition (transportation services, vehicle purchase, etc.) requiring the installation of a monitoring system. The system would provide information on vehicle speed and location, among other data. You have reservations, and know that, in the same way having a second set of eyes proofread a paper is helpful, another person can provide affirming or corrective perspective. Also, having an ally to support your views in a meeting offers valuable credibility beyond your interpretation of facts and data. The Chief Risk Officer (CRO) shares some of your concerns, which may include:
a. Information collection is boring.
b. No one will monitor the data collected.
c. Both "a" and "b" are correct.
d. As a company, your risk of being sued is increased, and data could be used to support a claim against you if there is an accident, critical materials shipment delay, or other conflict.
Answer:
d. As a company, your risk of being sued is increased, and data could be used to support a claim against you if there is an accident, critical materials shipment delay or other conflict.
Explanation:
There can be claims against the company and this data can be used as evidence against the company itself. The company should monitor the data and keep the data to limited personnel access. There can be monitoring in other ways which can help the company to keep track of all the vehicles related transactions.
Which of the following are assumed to remain unchanged along a given short-run aggregate supply curve?
a. The position of the aggregate demand curve
b. Institutions, such as patent laws and tax systems, that make up the "rules of the game"
c. Resource Prices
d. The price level
Answer:
c. Resource Prices
d. The price level
Explanation:
In the case of short-run aggregate supply curve, the price of the resources and the price level should be remain constant or remain the same and the other things would not be the same like position of the curve it can be rightward or left ward as the case may be
So as per the given situation, the option c and option d is correct
Which of the following refers to a partnership where there is a general partner who manages the business and one or more limited partners who simply invest money into the partnership and are not involved in the day to day management? General partnership Limited liability partnership Limited partnership Sole proprietorship
The following are types of partnership,
General partnership
Limited Liability partnership
Limited partnership
What is Partnership?Partnership is the contract in which two or more individuals join together to earn through business, by investing and or managing the business.
General partnership is the partnership in which two or more individuals contracts to earn and manage business.
In limited liability partnership the partners have limited liability towards the expenses and debts of the company, the liability is limited to their investment. On the other hand sole proprietorship is the business in which only one individual invests in the business.
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Which change in the price index shows the greatest rate of inflation: 80 to 96, 100-125, or 150-180?
The price index shows the greatest rate of inflation All changes show the same rate of inflation.
The option (D) is correct.
A price index is a proportion of the proportionate, or rate, changes in a bunch of costs over the long run. A purchaser cost list (CPI) measures changes in the costs of labor and products that families consume.
A price index to expansion rates is only a rate change in a cost record. An expansion rate can be processed at any cost file involving the overall condition for rate changes between two years, whether with regards to expansion. Every day a continuous ascent in the degree of costs in an economy.
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This question is not complete, Here I am sttsching the complete question:
Which change in the price index shows the greatest rate of inflation: 80 to 96, 100-125, or 150-180? Group of answer choices
(A) 100 to 125
(B) 80 to 96
(C) 150 to 180
(D) All changes show the same rate of inflation
Briefly discuss the role of the Financial Manager.
what is it you would want to find in a friend
A Loyalty
B Kindness
C Intelligence
D Braveness
Answer: Loyalty
Explanation: I would want a loyal friend because in all sorts of situations they will be there for you, even if they are not intelligent or kind, they are still your friend and would stand up for you, be there at your lowest, but sometimes you have to return the favor.
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.
Multiple Choice
$7,800.
$6,240.
$6,200.
$7,850.
$7,750.
Answer:
Explanation:
Annual depreciation=(cost-salvage value)/useful life
Annual depreciation =(156,000-1000)/20
Annual depreciation =$7750/year
Hence Depreciation for second year=$7750.
Gina loves food almost as much as she likes to make money. When Gina knew that she wanted to own her own business, she decided to open a restaurant. She didn’t know exactly what was involved and wanted some guidance as she developed her business. She contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name.
Gina needed some guidance while she built her company because she didn't know exactly what was involved. She made contact with a well-known restaurant xhain and paid for the right to use its trade name when operating her own restaurant. So, Gina is following single ownership business.
A sole proprietorship, also known as a Single ownership business, is an unincorporated business with only one owner who is responsible for paying personal income tax on the company's profits. Since it's not essential to register a distinct business or trade name, many sole owners operate under their own identities.
Due to a lack of governmental oversight, a sole proprietorship is the most straightforward type of business to start or dissolve. As a result, consultants, sole proprietors, and other freelancers frequently operate these kinds of enterprises. The majority of small firms begin as sole proprietorships, grow, and then convert to a limited liability entity or corporation. So when Gina contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name its referred to as single ownership business.
The question is incomplete complete question is:
Gina loves food almost as much as she likes to make money. When Gina knew that she wanted to own her own business, she decided to open a restaurant. She didn’t know exactly what was involved and wanted some guidance as she developed her business. She contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name. what kind of business do they belong????
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Which element of the marketing mix is affected when the Mandarin Oriental hotel in New York increases its weekend rates to $795 per night?
Price is the element of the marketing mix is affected when the Mandarin Oriental hotel in New York increases its weekend rates to $795 per night.
What is the primary goal of marketing?In actuality, the core goal of marketing is to use messaging to draw customers to your brand. In order to turn customers into leads, your messaging should ideally be instructive and beneficial to your target demographic.
What is an illustration of marketing?In a nutshell, it is an action made to draw attention to a business's offerings, which may include both tangible products for sale and services provided. Television commercials, billboards at the side of the road, and magazine adverts are typical instances of marketing at work.
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Step 2: Writing Report
Explain the value of using data analysis.
Explain the risks of not using data visualization.
The report should explain the data that you have analyzed throughout the course.
Step 3: Lessons Learned
Identify some key points that you found about data analytics in this course and add a slide for lessons learned at the end of your presentation on what you learned this session.
The value that can be gotten from Data analytics is that it can aid companies to have broad knowledge of market segments, and can help to increase their market share as well as revenue growth.
The risks of not using data visualization is that the company may not be be able to to maintain the audience's interest with information.
What is the importance of Data analytics?For example, data analytics can help businesses find underdeveloped market areas, anticipate client wants, and improve their product offers. Businesses that use data analytics to acquire a competitive edge can grow their market share, accelerate revenue growth, and strengthen their brand.
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What are problems resulting from changing from one legal structure to another
A company's perpetual preferred stock currently trades at $87.50 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price. What is the firm's cost of preferred stock?
a. 8.25%
b. 9.14%
c. 8.69%
d. 9.62%
Answer:
9.62%
Explanation:
The firm cost of preferred stock can be calculated as follows
Dividend= $8
Price= $87.50
Floation cost= 5%
= 5/100
= 0.05
= 8/87.50(1-0.05)
= 8/87.50(0.95)
= 8/83.125
= 0.0962×100
= 9.62%
Hence the firm cost of preferred stock is 9.62%
Which of the following would NOT affect your FICO score?
A) Receiving an allowance from your parents B) Making a late payment on a credit card
C) Applying for a loan at a bank
D) Defaulting on a loan
Which of the following is not covered by the Consumer Products Safety Act (CPSA)?
developing separate or "case by case" standards for each product
promoting research and investment into preventing product-related deaths and injuries
minimizing conflicting state and local regulations
evaluating the safety of consumer products
Answer:
I think it’s A
Explanation:
The Consumer Goods Safety Act does not cover the creation of distinct or "case by case" rules for each product (CPSA). As a result, choice (A) is the correct one.
What do you meant by Products Safety Act?Congress in the United States passed the Consumer Safety Act (CPSA) on October 27, 1972. The act should not be confused with an earlier Senate Joint Resolution 33 from November 20, 1967, which just established a temporary National Commission on Product Safety (NCPS) for only 90 days (at a pitiful cost of $100 per day).
The United States Consumer Product Safety Commission (CPSC) was created as a permanent independent agency of the United States federal government under Section 4 of the 1972 legislation, and this section also outlined the CPSC's primary functions. In accordance with the law, the CPSC is empowered to create safety regulations and prosecute product recalls for those that pose a disproportionately high risk of causing harm to customers or their deaths.
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How does context influence your communication? Consider the language and culture people grew up with, and the role these play in communication styles?
Daily communication is highly influenced by the context in which it develops due to the cultural aspects of society.
What is communication?Communication is a process by which an individual or group transmits a message to one or more recipients. Human communication is a complex process influenced by different factors such as:
The cultural context.The thought of the sender.The receiver's interpretation.The cultural context plays a fundamental role in communication because some concepts or expressions have different senses or meanings in different societies.
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The reduction of on the job injuries and illnesses would benefit employers, because they would
a. be able to hire their best friends
b. gain back time lost by employees
sell more products in less time
d. stop paying bonuses
C.
The reduction of on the job injuries and illnesses would benefit employers because they would gain back time lost by employees. Option B is correct.
What are the common on the job injuries & illnesses?1. Slips, trips, and falls.
2. Overexertion and muscle strains.
3. Struck by workers, equipment, or falling objects.
4. Crashes or collisions.
5. Exposure to harmful substances or environments.
6. Fire and explosions.
7. Violence and other injuries by persons or animals.
With rise in level of workplace safety and state-of-art health measure undertaken by the employers improve the situation against on the job injuries and consecutively lead to provide more productive time to get better results & achieving goals.
Therefore gain back time give appropriate results.
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At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $2,500 (debit) before any year-end adjustment. The balance of Accounts Receivable is $179,000. The company estimates that 6% of accounts receivable will not be collected over the next year.
Record the adjustment for uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Answer:
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